Amalgamated Industries' preferred stock currently sells for $28\mathrm{.}34$ per share and pays

an annual dividend of $$2\mathrm{.}50$ per share. What is the compound annual rate of return

you would earn on this investment?

$8\mathrm{.}82\%$

$8\mathrm{.}12\%$

$9\mathrm{.}53\%$

$7\mathrm{.}76\%$

$7\mathrm{.}23\%$